Open now Open now

Take charge of your money on payday with two linked accounts to help you budget

Opening a Complete Freedom everyday account and Incentive Saver account together helps you pay bills automatically, save regularly and know what’s left to spend

Pay

Get paid in to your Complete Freedom account ($0 monthly service fee when you deposit min. $2,000 by the last business day of the month)

Manage

Help track your spending habits with Spend Tracker and automate your bill payments to save time and avoid hassle

Save

Grow your savings each month and we’ll reward your dedication with bonus interest. You can also set up a regular savings plan in online banking

Benefits

$50

Complete Freedom
Offer*

Get $50 with a new Complete Freedom everyday bank account when you apply online by 1st June 2020 and deposit $500 within 30 days. T&Cs apply*

1.45 % P.A.

Maximum
reward rate

Grow your Incentive Saver account balance by at least $50 each month to earn bonus interest (if you are under 21, grow your account balance by any amount each month). The maximum reward rate is a combination of the bonus variable rate of 1.25% p.a. and a base variable rate of 0.20% p.a. for balances above $250,000

*The detail

$50 Offer: Fees and charges apply. Read the terms and conditions available at bankofmelbourne.com.au before making a decision and consider whether the product is right for you. To be eligible for the $50 offer you must: open a new Complete Freedom account online between 01/04/2020 and 01/06/2020, or via any channel if you’re under 21 years old or a full-time student or apprentice, and deposit $500 within 30 days of opening. If eligible you will receive $50 into your Complete Freedom account within 45 days of opening. All account holders on the new Complete Freedom account must not have held a Bank of Melbourne, St.George Bank or BankSA transaction account, or received this offer at any time to be eligible. Offer is limited to one eligible account and is not available in conjunction with any other offer.

Read the Terms and Conditions, including for fees and charges that may apply, before making a decision and consider if it is right for you.

What you get

Visa debit card

Access your everyday account wherever Visa is accepted (if you’re under 14, you get a Freedom card)

Internet banking

Manage your money online wherever you are, whatever you're doing

Automatic transfers

Set up monthly deposits from your everyday account into your savings account via online banking

Spend tracker

All your transactions grouped into categories, to help your track your spending habits

Card Lock

Misplaced your Visa debit card? Temporarily lock your card for up to 15 days while you look for it

Fees you might pay

Complete Freedom

$5.00 Monthly account service fee (If you don't deposit $2000 a month)
$5.00 Overseas cash withdrawal ($0 when you use our Global Alliance ATM )
3.0% Foreign currency conversion
$4.00 Periodical payment
$2.00 Frequent statement (request statement outside of cycle)
$0.20 ATM mini transaction history request (Bank of Melbourne/ St.George Bank/ BankSA and Westpac ATMs in Australia)

Incentive Saver

Free Monthly service fee
Free Overseas cash withdrawal ($0 when you use our Global Alliance ATM )
3.0% Foreign currency conversion
Free Periodical payment
Free Frequent statement (request statement outside of cycle)
Free ATM mini transaction history request (Bank of Melbourne/ St.George Bank/ BankSA and Westpac ATMs in Australia)

In detail

Before making a decision, please read the terms and conditions and ensure you're aware of all fees and charges

T&Cs and Fees

Internet and Mobile banking T&Cs

Interest rates

How to open an account

Read both the terms and conditions, and fees above

Have your ID and Tax File Number details

Select yes on the form to add a transaction account

Download our app

Download from App Store

Download from Google Play

Important notice

Everyday banking + savings account

Take charge of your money on payday with two linked accounts to help you budget

Benefits